The African Development Bank’s proposal for a currency backed by critical minerals – such as cobalt, lithium, and rare earth elements – has sparked both excitement and scepticism. This initiative, ...

During its 16th annual summit in Kazan, Russia, Brics – a group of emerging economies determined to act as a counterweight to the west and to whittle ...

SA’s economy and public finances are heavily exposed to the US and its dollar. With its weak economy, high unemployment rate, constrained public finances and hunger for investments, SA will struggle ...

Interbank FX markets remain limited in several African countries due to insufficient liquidity and convertibility risks ...

President Cyril Ramaphosa denied his government is taking land as Trump suggested. The South African leader said he wants to ...

Across its footprint, Vodacom reported 50.3 million financial services customers, reflecting a 15.1% year-on-year increase.

Ethiopia will ease several foreign currency restrictions while maintaining key controls on businesses, the International Monetary Fund said Thursday in its ...

However, it closed the week up 0.4% against the Japanese currency, supported by expectations of rising inflation pressures in Japan. Daily EUR/USD The euro slid to $1.0240, its lowest level since ...

President Donald Trump has once again warned that he will impose 100 per cent tariffs against BRICS nations if they attempt to replace the US dollar in international trade, telling them to go and find ...

US President Donald Trump has warned the BRICS member countries against replacing the US dollar as a reserve currency by ...

President Donald J. Trump is putting BRICS nations on notice over its desired separation from the U.S. dollar. Brazil, Russia, India, China, and South Africa (BRICS) allied […] ...

Russia warned that U.S. efforts to enforce dollar use could backfire. The BRICS nations, while discussing a common currency, ...